Public Tender Launched: Prince Bank Begins Sale of Loan Assets as Liquidation Continues

On January 22, the liquidator appointed by the National Bank of Cambodia, Morisonkak MKA Audit & Accounting, issued a public notice announcing the official launch of the loan asset sale of Prince Bank Plc.. The loan portfolio will be offered for public bidding to banks and financial institutions as part of the bank’s liquidation process, with the aim of protecting the legal rights of depositors and creditors.

The liquidator stated that the disposal of the loan assets will be conducted through a combination of professional negotiations and open bidding. The entire process will adhere to the principles of openness, fairness, and transparency to ensure that the liquidation proceeds in an orderly and lawful manner.

根据公告，有意参与竞标的银行与金融机构，须在期限内提交竞标意向函，并与清算人办公室联系。清算人办公室设于太子银行总部，地址位于金边市玛卡拉区莫尼旺大道与232号路交汇处，竞标意向函提交截止日期为 2026年2月6日。

The liquidator also clarified to Prince Bank’s loan customers that the sale of the loan portfolio is a lawful component of the bank’s liquidation process. Existing borrowers are still required to continue fulfilling their repayment obligations in accordance with their original loan agreements and applicable laws. All collateral assets and loan-related documents will be properly safeguarded and handled in strict compliance with relevant regulations.

Previously, on January 8, the National Bank of Cambodia issued a notice confirming that Prince Bank had formally entered liquidation proceedings in accordance with the law, and officially appointed Morisonkak MKA Audit & Accounting as the liquidator, responsible for management, asset disposal, and related matters during the liquidation period.

Following the commencement of the liquidation process, Prince Bank has suspended all new banking activities, including accepting deposits and issuing new loans. The liquidator has taken over all operations and assets of the bank and will continue the liquidation process in accordance with legal requirements.

With regard to depositors, the notice states that customers may still apply to withdraw their deposits through normal procedures and by submitting the required documentation. The liquidator will handle deposit-related matters in accordance with the Law on Banking and Financial Institutions and based on the statutory order of priority.

As for loan customers, the National Bank of Cambodia emphasized that the liquidation process does not affect the legal validity of existing loan contracts, and borrowers remain obligated to repay their loans as agreed.

The notice also mentioned that Prince Bank’s liquidation process has previously been influenced by international sanctions. In October 2025, the governments of the United States and the United Kingdom announced criminal charges and financial sanctions against the Prince Group of Cambodia and its founder, Chen Zhi, and included Prince Bank on their sanctions lists.